Seagate Technology (NASDAQ:STX) CEO William Mosley Sells 30,000 Shares

22 May 2026, 08:04 by Amy Steele · The Cerbat Gem

Seagate Technology Holdings PLC (NASDAQ:STX – Get Free Report) CEO William Mosley sold 30,000 shares of the stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $751.29, for a total value of $22,538,700.00. Following the transaction, the chief executive officer owned 339,591 shares of the company’s stock, valued at approximately $255,131,322.39. The trade was a 8.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Seagate Technology Stock Up 7.9%

NASDAQ:STX opened at $810.46 on Friday. The company has a debt-to-equity ratio of 3.16, a quick ratio of 0.85 and a current ratio of 1.33. The company has a market cap of $181.73 billion, a PE ratio of 76.89 and a beta of 1.98. Seagate Technology Holdings PLC has a 52-week low of $105.35 and a 52-week high of $841.31. The stock has a 50-day simple moving average of $557.38 and a 200 day simple moving average of $408.64.

Seagate Technology (NASDAQ:STX – Get Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.51 by $0.59. The business had revenue of $3.11 billion during the quarter, compared to the consensus estimate of $2.96 billion. Seagate Technology had a return on equity of 1,005.65% and a net margin of 21.60%.Seagate Technology’s quarterly revenue was up 44.1% on a year-over-year basis. During the same period last year, the company earned $1.90 earnings per share. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. On average, sell-side analysts expect that Seagate Technology Holdings PLC will post 14.1 EPS for the current fiscal year.

Seagate Technology Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Wednesday, June 24th will be given a dividend of $0.74 per share. The ex-dividend date of this dividend is Wednesday, June 24th. This represents a $2.96 annualized dividend and a yield of 0.4%. Seagate Technology’s dividend payout ratio is 28.08%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on STX shares. Mizuho increased their price target on Seagate Technology from $565.00 to $700.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. The Goldman Sachs Group increased their price target on Seagate Technology from $385.00 to $700.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Sanford C. Bernstein increased their price target on Seagate Technology from $620.00 to $1,000.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Susquehanna increased their price target on Seagate Technology from $485.00 to $615.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Finally, Cantor Fitzgerald increased their price target on Seagate Technology from $700.00 to $1,000.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $733.71.

Read Our Latest Stock Analysis on STX

Key Seagate Technology News

Here are the key news stories impacting Seagate Technology this week:

Positive Sentiment: Seagate stock is benefiting from renewed enthusiasm around AI infrastructure spending after Nvidia’s latest results, which reinforced demand for storage and memory hardware. Seagate Stock, Western Digital Bounce Back After Nvidia Results
Positive Sentiment: Seagate announced exchanges with holders of $185.9 million of exchangeable notes, a move that could help manage debt and improve capital structure flexibility. Seagate Announces Exchanges with Holders of $185.908 Million Principal Amount of Exchangeable Notes
Positive Sentiment: Investor interest in AI “picks-and-shovels” names has also helped sentiment, with reports that billionaire Stanley Druckenmiller added Seagate to his AI hardware rotation. Billionaire Stanley Druckenmiller Dumped Every Share of Alphabet. He Bought AI Memory Stocks Up 581% to 3,467% Instead
Neutral Sentiment: Seagate’s CEO disclosed a sale of 30,000 shares under a pre-arranged 10b5-1 plan, which is routine but can still weigh on sentiment. SEC filing
Neutral Sentiment: At the same time, some commentary is turning cautious on valuation, with Jim Cramer calling Seagate “too pricey,” which could limit further multiple expansion. Jim Cramer on Seagate: “Too Pricey”
Negative Sentiment: Seagate also drew negative attention from commentary suggesting the AI storage boom could lose momentum later in the cycle, raising long-term supply and pricing concerns for memory-chip and storage makers. Advanced Energy, Vishay Precision, and Bel Fuse Shares Plummet, What You Need To Know

Institutional Trading of Seagate Technology

Hedge funds have recently made changes to their positions in the business. National Pension Service lifted its holdings in Seagate Technology by 28.0% during the 3rd quarter. National Pension Service now owns 250,121 shares of the data storage provider’s stock worth $59,044,000 after purchasing an additional 54,722 shares during the last quarter. PFA Pension Forsikringsaktieselskab acquired a new stake in Seagate Technology during the 4th quarter worth approximately $23,882,000. New York State Teachers Retirement System lifted its holdings in Seagate Technology by 5.0% during the 4th quarter. New York State Teachers Retirement System now owns 187,044 shares of the data storage provider’s stock worth $51,510,000 after purchasing an additional 8,991 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Seagate Technology by 1.2% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 518,806 shares of the data storage provider’s stock worth $142,874,000 after purchasing an additional 6,028 shares during the last quarter. Finally, Keystone Investors PTE Ltd. lifted its holdings in Seagate Technology by 55.7% during the 3rd quarter. Keystone Investors PTE Ltd. now owns 50,321 shares of the data storage provider’s stock worth $11,879,000 after purchasing an additional 18,000 shares during the last quarter. 92.87% of the stock is owned by institutional investors and hedge funds.

About Seagate Technology

(Get Free Report)

Seagate Technology (NASDAQ: STX) is a global data storage company that designs, manufactures and sells a broad range of storage products and systems. The firm’s product portfolio includes traditional hard disk drives (HDDs), solid-state drives (SSDs), hybrid storage devices and integrated storage systems aimed at enterprise, cloud, OEM and consumer markets. Seagate also provides services that support its hardware offerings, including data recovery and storage management solutions.

Seagate’s products are used in a wide array of applications, from large-scale data centers and cloud infrastructure to desktop and portable consumer devices.